Vestmark Advisory Solutions Inc. Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Vestmark Advisory Solutions Inc. trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 67.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,958 shares of the specialty chemicals company’s stock after selling 6,058 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Sherwin-Williams were worth $1,033,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Voleon Capital Management LP purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,011,000. Moors & Cabot Inc. increased its stake in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after buying an additional 39 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC purchased a new stake in Sherwin-Williams during the 1st quarter worth approximately $306,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after buying an additional 137 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SHW shares. Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $296.00 to $375.00 in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $388.60.

Sherwin-Williams Trading Down 0.4%

Shares of Sherwin-Williams stock opened at $364.18 on Friday. The company has a fifty day simple moving average of $346.00 and a 200-day simple moving average of $347.91. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market cap of $90.80 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 3.44 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.